Investment Banking case studies, worked step by step

Cases
100
Traced to a firm
55
Topics
12
Hard
30
Topic
All topicsLBO9Accretion and dilution7Reading financials8Restructuring11M&A strategy9Deal execution7Operating cases and estimation8Credit and leveraged finance9Comps and relative value9Sector valuation8Capital markets and financing8DCF and intrinsic value7
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 1–9 of 9 · filtered from 100Clear filters
  1. 013An agro processor asks its bank for a five-year term loan to fund an expansion that only earns from year 2. Should the bank lend, and on what terms?Credit and leveraged financeCoreScotiabankCity of London · 2026
  2. 021A middle-market plastics company wants the biggest term loan the bank's policy allows. Size it on leverage and on fixed charge cover, and set covenants with 25% headroom.Credit and leveraged financeWarm upDeutsche BankNew York · 2024
  3. 031Leveraged finance case: lenders will offer a term loan and unsecured bonds up to stated leverage caps, but the sponsor must keep interest cover at 2.0x. Size each tranche, the cover and the equity cheque.Credit and leveraged financeHardCorporate bankingLeveraged finance
  4. 042Two cement credits: one has stronger metrics and a tighter spread, the other weaker metrics, more diversification and a wider spread. Which offers better value for the risk?Credit and leveraged financeCoreTD SecuritiesNew York · 2026
  5. 053A distributor asks for a working capital line against its receivables and inventory. Compute the borrowing base, the amount it can still draw, and what would shrink the base.Credit and leveraged financeWarm upCorporate bankingLeveraged finance
  6. 064A CLO's mezzanine overcollateralisation test fails after defaults. Does it fail, by how much, and how much interest is diverted away from the equity to cure it?Credit and leveraged financeHardNomuraNew York · 2026
  7. 073Deepvik Textiles has Rs 600 crore of floating-rate debt and rates rise by 200 basis points. Walk through the effect on interest, net income, interest cover and free cash flow, then on its cost of capital and enterprise value.Credit and leveraged financeCoreMizuhoNew York · 2026
  8. 083A food company has Rs 700 crore of debt, Rs 50 crore of cash and a 3.5x net leverage covenant. EBITDA falls from Rs 200 crore to Rs 170 crore. Is the covenant breached, how much headroom was there, and how large an equity cure fixes it?Credit and leveraged financeWarm upCorporate bankingLeveraged finance
  9. 095A solar park costs Rs 500 crore and will generate Rs 60 crore a year of cash available for debt service for 25 years. Lenders need 1.3x cover over an 18-year tenor at 9%. What is the maximum debt, the gearing, and why does the tenor matter?Credit and leveraged financeHardCorporate bankingLeveraged finance

Company names and figures are illustrative.